Hartford Investment Management Co. Has $3.44 Million Stock Holdings in Sempra (NYSE:SRE)

Hartford Investment Management Co. lessened its holdings in shares of Sempra (NYSE:SRE) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,209 shares of the utilities provider’s stock after selling 542 shares during the period. Hartford Investment Management Co.’s holdings in Sempra were worth $3,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Sempra by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock valued at $2,870,591,000 after purchasing an additional 128,847 shares during the period. State Street Corp lifted its stake in shares of Sempra by 4.9% in the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after purchasing an additional 1,539,026 shares during the period. FMR LLC boosted its holdings in shares of Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after acquiring an additional 1,582,653 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Sempra by 1.2% during the third quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock worth $1,063,007,000 after acquiring an additional 145,873 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Sempra by 1.7% in the third quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider’s stock valued at $639,921,000 after buying an additional 129,891 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Sempra Stock Down 0.6 %

SRE opened at $82.95 on Thursday. The company has a 50 day moving average of $85.03 and a 200 day moving average of $84.62. The company has a market cap of $52.54 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

Analysts Set New Price Targets

Several brokerages have commented on SRE. BMO Capital Markets boosted their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $85.00 to $98.00 in a research report on Friday, December 13th. Barclays cut their price objective on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company upped their target price on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Evercore ISI increased their price objective on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the transaction, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total transaction of $225,717.15. Following the completion of the transaction, the senior vice president now directly owns 13,905 shares of the company’s stock, valued at approximately $1,139,236.65. The trade was a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,205 shares of company stock valued at $6,558,347. Company insiders own 0.24% of the company’s stock.

Sempra Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.